---
description: Learn more about Wave pricing, benefits, and disadvantages for your business in Canada. Read verified software reviews and find tools that fit your business needs.
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title: Wave Pricing, Reviews & Features - Capterra Canada 2026
---

Breadcrumb: [Home](/) > [PEO Software](/directory/32442/peo/software) > [Wave](/software/178021/wave-apps)

# Wave

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> Accounting solution that helps businesses automate invoicing, payroll management, estimating, invoicing, and bookkeeping tasks.
> 
> Verdict: Rated **4.4/5** by 1729 users. Top-rated for **Likelihood to recommend**.

-----

## Overview

### Who Uses Wave?

Wave helps small business owners, freelancers, solopreneurs, and consultants in the US and Canada manage accounting, payroll, invoicing, estimating and other processes.

## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.4/5** | 1729 Reviews |
| Ease of Use | 4.5/5 | Based on overall reviews |
| Customer Support Software | 4.0/5 | Based on overall reviews |
| Value for Money | 4.6/5 | Based on overall reviews |
| Features | 4.2/5 | Based on overall reviews |
| Recommendation percentage | 80% | (8/10 Likelihood to recommend) |

## About the vendor

- **Company**: Wave
- **Location**: Toronto, Canada
- **Founded**: 2009

## Commercial Context

- **Starting Price**: US$19.00
- **Pricing model**: Flat Rate (Free version available) (Free Trial)
- **Pricing Details**: Wave offers a free version under the Starter plan with basic bookkeeping and invoicing features. The Pro plan is available at $19 USD per month with additional features.
- **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile)
- **Supported Languages**: English
- **Available Countries**: Australia, Canada, China, Germany, India, Japan, United Kingdom, United States

## Features

- ACH Payment Processing
- Accounting Software
- Accounts Payable Software
- Accounts Receivable Software
- Activity Dashboard
- Alerts/Notifications
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- Cash Management
- Chart of Accounts
- Commission Management
- Customer Statements
- Dashboard Software
- Data Import/Export
- Direct Deposit
- Expense Tracking
- Financial Analysis
- Financial Management Software
- Financial Reporting Software
- Fixed Asset Management Software
- For Real Estate
- Fund Accounting Software
- General Ledger
- Income & Balance Sheet
- Invoice Management
- Invoice Processing
- Multi-Currency
- PCI Compliance Software
- Payroll Management
- Payroll Reporting
- Profit/Loss Statement
- Project Accounting Software
- Purchase Order Management
- Receipt Management
- Receivables Ledger
- Recurring/Subscription Billing
- Reminders
- Reporting & Statistics
- Reporting/Analytics
- Revenue Recognition
- Tax Compliance
- Tax Management Software
- Third-Party Integrations
- Time & Expense Tracking
- Transaction Management

## Integrations (6 total)

- Gmail
- Google Sheets
- Microsoft Outlook
- PayPal
- Shoeboxed
- Zapier

## Support Options

- Email/Help Desk
- FAQs/Forum
- Knowledge Base Software
- Chat

## Category

- [PEO Software](https://www.capterra.ca/directory/32442/peo/software)

## Related Categories

- [PEO Software](https://www.capterra.ca/directory/32442/peo/software)
- [Direct Deposit Payroll Software](https://www.capterra.ca/directory/32598/direct-deposit-payroll/software)
- [Payroll Software](https://www.capterra.ca/directory/30202/payroll/software)
- [Human Resources Software](https://www.capterra.ca/directory/5/human-resource/software)
- [Accounting Software](https://www.capterra.ca/directory/1/accounting/software)

## Alternatives

1. [QuickBooks Online](https://www.capterra.ca/software/141374/quickbooks-online) — 4.3/5 (8514 reviews)
2. [PayPal](https://www.capterra.ca/software/179251/paypal) — 4.6/5 (26610 reviews)
3. [Abby](https://www.capterra.ca/software/1036470/abby) — 4.7/5 (604 reviews)
4. [Xero](https://www.capterra.ca/software/169561/xero) — 4.4/5 (3320 reviews)
5. [QuickBooks Enterprise](https://www.capterra.ca/software/46497/quickbooks-enterprise) — 4.5/5 (20670 reviews)

## Reviews

### "Best free invoicing and financial management platform in Canada" — 4.0/5

> **Aaron** | *October 20, 2025* | Marketing & Advertising | Recommendation rating: 10.0/10
> 
> **Pros**: Wave has very solid web and app platforms. It's easy to navigate and makes the quoting, invoicing, and payment processes very streamlined -- while accepting payments from all major credit cards in Canada. The free version is already very useful for businesses just starting out, or those that are still in the early growth phase, but they also have an affordable paid version that adds a suite of automations and expense / receipt management functions to further boost productivity.
> 
> **Cons**: The main thing I don't like about Wave is that they don't use standardized "GAAP terminology" for some of their financial management and reporting features. While this may make it more accessible to a certain user base, it actually makes it a bit confusing for me (who has a bit of formal CPA / accounting training).

-----

### "An excellent resource for you and your accountant" — 5.0/5

> **Joseph** | *April 28, 2026* | Public Relations & Communications | Recommendation rating: 10.0/10
> 
> **Pros**: Easy to input information and create my own financial Reports, and my accountant has no issues with importing my entries over for his own purposes to prepare my company’s yearly Return
> 
> **Cons**: Candidly, there is nothing to complain about. Regardless of your level of sophistication, you will find a benefit in using it.
> 
> Excellent in every way as I have used it for now 3 tax years without complaint from either myself or my accountant who works with what I send over in Wave.

-----

### "Deliverd Wave Review" — 5.0/5

> **Junaid** | *March 24, 2025* | Furniture | Recommendation rating: 7.0/10
> 
> **Pros**: Seamless job scheduling, invoicing, and payment methods. It can track expenses as well.
> 
> **Cons**: It is not adaptable with other apps to automate processes. And doesnt have great job time-tracking features.
> 
> Its an awesome software to automate workflow processes and reduce manual work. Very easy to use app.

-----

### "Wave provides agencies a clear and seamless payment processing interface." — 5.0/5

> **Chris** | *July 11, 2025* | Marketing & Advertising | Recommendation rating: 10.0/10
> 
> **Pros**: Wave provides simple and seamless invoice building and sending\! Being able to store commonly used line items is a boon for our agency.
> 
> **Cons**: Wave's systems are only as good as your internal data management/accounting. Our team has struggled in onboarding new clients or contractors at times where our SOPs were not clear enough to have uniform data entry across invoicing.
> 
> Wave is a key part of our workflow. We use the software to manage payments, send invoices, and review departmental goals. All of the information is clearly laid out and easy to understand

-----

### "Comprehensive Accounting SaaS With Appealing Design" — 5.0/5

> **Salina** | *July 7, 2026* | Information Technology & Services | Recommendation rating: 9.0/10
> 
> **Pros**: I was looking for a cost effective option to recommend to a family member, and I really find the value of Wave's free tier to be amazing. There are also trials for different add-on features like recurring invoices and their payroll which you can try for 30 days. I find in comparison to its competitors like Quickbooks, the web app user experience is smoother and the design is easier to look at with the different blue colours. It was very quick to connect my banking unlike with Quickbooks which took a couple of days, Wave only took a few minutes to verify my account.
> 
> **Cons**: I tried to recommend my friend to use Wave but they were unable to sign-up as my friend works in healthcare, and there were some data storage restriction due to HIPAA and Wave's data policies, which prevented the registration to continue. Finding out that information made me feel slightly less secure with how the data is stored, and I had to research more to determine if I felt comfortable with Wave still.

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